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NILFISK ACQUIRES PRESSURE-PRO

Nilfisk acquires US-based Pressure-Pro

BROOKLYN PARK, Minn. – December 17, 2015 - Nilfisk Group has acquired Pressure-Pro, Inc., a leading manufacturer of high pressure cleaners headquartered in Fort Pierce, Florida, USA, effective January 1, 2016. This acquisition further consolidates Nilfisk’s position in the US market for high pressure washers following the acquisition of Hydro Tek, Inc. in November 2015. Pressure-Pro has a particularly strong portfolio within cold water pressure washers, and in combination the two acquisitions establish a significant US platform in high pressure cleaning equipment.

According to Jeff Barna, President of Nilfisk-Americas, “The combination of these two pressure washer businesses will provide additional market access and a broader product range within the high pressure washer market. Together they will also drive front-end synergies by combining Pressure-Pro’s cold water and Eastern US strongholds with Hydro Tek’s hot water and Western US strongholds”, he said. “We believe that the benefits of our newly combined organization lie within sales growth and business expansion.”

Owners Dale Reed and Ryan Reed will remain in the business in their current roles and help to ensure the continued growth of Pressure-Pro. They will also assist in capturing the synergies with Hydro Tek and with Nilfisk in the US market and abroad.

Jonas Persson, president and CEO of Nilfisk Group, commenting on the acquisition: “Our Accelerate strategy contains several levers to ensure growth, one being to continuously look for opportunities to acquire leading manufacturers with solid market access. Uniting the Pressure-Pro and Hydro Tek acquisitions with Nilfisk’s product range and market reach will establish a strong position for Nilfisk in the high-pressure washer market, both in the US and throughout the Americas.”

Pressure-Pro is a well renowned and fast growing manufacturer of high-quality products with a wide offering including both cold and hot water pressure washers. The company had revenues in 2014 of USD $40MM and consists of approximately 90 employees. Sales are driven across the country mainly through a strong distributor and dealer network.

Pressure-Pro, Inc. was founded in 1995, and has been built on the principles of excellent customer service, high quality products, and deep technical knowledge. This has enabled Pressure-Pro to enjoy strong growth both nationally and internationally while expanding their list of loyal customers, product offerings, and experienced high quality staff.

About Nilfisk
Nilfisk is one of the world’s leading manufacturers of professional cleaning equipment with around 5,500 employees and an annual turnover of EUR 918M. Based on a century of cleaning expertise, we develop and manufacture high quality products that represent the latest technology and innovation and offer the broadest product portfolio in the industry. Nilfisk has sales companies in 45 countries around the world and with an additional strong distributor network Nilfisk markets and sells its products in more than 100 countries worldwide. Nilfisk is a part of the NKT Group.